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Comment by seizethecheese | Hacker News Reader

Looks like you’re in Venezuela. How do you get paid by Americans?

You can pay them as independent contractors. They have to sign a W-8 BEN and you can make payments via Wise. If you see that you are hiring a relatively large team from the same country, then at some point you can open a local subsidiary (cost center) and employ them via the local entity. The way to do this has been the same - most US companies became open to this after 2020.

The question was about Venezuela because of the sanctions. It’s not just any country that works with Wise

Venezuela is banned on wise and many/most banking apps. https://wise.com/help/articles/2978049/which-countries-can-i...

Ah yes, sorry, didn't catch that.

Through paypal, im hired as a contractor, have to send invoices and stuff

I think the question was more about how your employers are violating US sanctions against your country.

US Sanctions to Venezuela are directed at the government, pdvsa and banks controlled by the government, not at individuals or companies unrelated to them. There's still a lot of business happening between venezuela and the us

https://home.treasury.gov/policy-issues/financial-sanctions/....

Bitcoin

People are downvoting but this is correct - I know many being paid in USDT and USDC as well. One benefit is the central bank doesn’t steal your US currency and replace it with the worse (inflationary, poorly accepted) local currency.

HN is no different than the masses. Very few people on here take the time to research or review. They prefer to be spoon-fed.

These articles on Venezuela & crypto are easy to find: - https://www.reuters.com/technology/venezuelas-economy-regres...

- https://techcrunch.com/2021/10/09/crypto-remittances-are-a-l...

No, no it is not correct. They replied and they are paid with PayPal, not Bitcoin.

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